Reported 8 months ago
Japan's exports surged by 13.5% in May, exceeding expectations, attributed to the weak yen and robust demand in the United States and Asian markets. The Finance Ministry revealed that the trade deficit decreased to 1.22 trillion yen, while imports grew by 9.5% to nearly 9.5 trillion yen. Factors like a weaker Japanese yen and increased prices influenced the trade values, with rising imports of oil and gas contributing to the deficit for the second consecutive month. Despite concerns about the weak yen's impact on inflation, Japan saw strong growth in exports to the US and Asia, particularly in machinery, electronics, and vehicles.
Source: YAHOO